Personal loan calculator for Jordan 2026

Repayment schedule

How the calculation works

• Flat rate: profit is charged on the full amount for the whole term, even as you repay it. Personal loans are usually advertised this way.
• APR: the annual percentage rate is the true yearly cost on the reducing balance, including fees. Compare offers on APR, not on the flat rate.
• Salary deduction cap: your instalments together may not exceed a set share of your salary, and the term has a legal maximum. These two limits set the most you can borrow.

Islamic banks call the bank's return "profit" rather than interest; the arithmetic is the same.

Personal finance rules in Jordan

• There is no single deduction ratio set by the Central Bank: the debt burden ratio and the maximum amount and term of each loan are set by each bank in its credit policy (Article 59 of Financial Consumer Protection Instructions 14/2024, in force since 1 July 2025).
• The loan arrangement commission may not exceed 1% of the loan value, charged once; late payment interest may not exceed 1% a year above the applied rate; and card interest is up to 1.5% a month.
• Disclosure of the effective annual interest rate is mandatory (Article 47).
• Early repayment: No fee if a year or less remains until the last instalment, and 1% of the amount repaid if more than a year remains; the bank refunds interest collected in advance (Instructions 14/2024, Annex 3).
• Policy rate: The Central Bank of Jordan raised its main interest rate to 6% from 21 September 2026.

Sources

1. Central Bank of Jordan: Financial Consumer Protection Instructions for the banking sector 14/2024
2. Central Bank of Jordan: key interest rates

Related calculators

Results are estimates for information only. Banks set their own rates and fees within these rules, so check the offer you receive.